Business leaders slam Obama for saying wealthy aren’t responsible for their own success

America’s leading small business association has slammed Barack Obama for showing ‘an utter lack of understanding’ of the country’s entrepreneurs when he told them: ‘If you’ve got a business – you didn’t build that. Somebody else made that happen.’

In a hard-hitting statement to Mail Online, the National Federation of Independent Businesses (NFIB) president Dan Danne said: ‘What a disappointment to hear President Obama’s revealing comments challenging the significance of America’s entrepreneurs.

Mr. Danne added: ‘His unfortunate remarks over the weekend show an utter lack of understanding and appreciation for the people who take a huge personal risk and work endless hours to start a business and create jobs.’

President Obama said in a speech at the weekend that governments and not individuals create jobs, telling entrepreneurs: ‘If you’ve got a business – you didn’t build that. Somebody else made that happen.’

He added: ‘You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart.’

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Photo credit: Fibonacci Blue

  • Sergio Pastor

    The only function of any government any place in the world is to have political stability and a judicial system “the law” of the country be full of rational thinking and clarity, so any investor, angels or “greedy” entrepreneur are confident to risk the peoples funds, capital institutions etc to create wealth…is that simply Mr. Obama, since you never (8% only) held a private enterprise job that measure performance and I am happy with that. You will never comprehended or understand “business risk” I have much more self-respect and proud to earn my money by accomplishing a job rather than to be a dependant or a moocher or freed loader Mr. Obama. Sergio Pastor, geologist Sergio Pastor, geologist
    The only function of any government any place in the world is to have political stability and a judicial system “the law” of the country be full of rational thinking and clarity, so any investor, angels or “greedy” entrepreneur are confident to risk the peoples funds, capital institutions etc to create wealth…is that simply Mr. Obama, since you never (8% only) held a private enterprise job that measure performance and I am happy with that. You will never comprehended or understand “business risk” I have much more self-respect and proud to earn my money by accomplishing a job rather than to be a dependant or a moocher or freed loader Mr. Obama. Sergio Pastor, geologist

    Sergio Pastor, geologist

  • How does Obama know what people ‘think’? Does he have telepathy? Is he a prophet? When he said: ‘You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart.’ he uses the ‘smart’ comment politically to create a reaction from his base. I ‘think’ that if someone could have created a business, they would have. It has a lot less to do with ‘smart’ and a whole lot to do with wanting to better yourself, your family, your community by being a job creator, being self sufficient and wanting to be part of the solution instead of part of the problem. Most important that separates these people is that they are not afraid of working tirelessly, putting their own hard earned money on the line to bet on themselves and doing whatever it takes to suceed. Others say it is not worth it. They either do not want to risk their savings (if they have any) or do not want to put in the hard work to make it happen. All people had the teacher that taught. All people have the same access to the roads and bridges or technology that was done by someone else. The only difference is the people who are willing to put in the time, sweat, and risk it all for something they believe in. So I ‘think’ it is not: ‘people who think, well, it must be because I was just so smart’. It is people who have GUTS to take a chance that they may lose it all in order to make a better life for themselves and family. That is what America offers. I am perplexed as to why Obama wants to make that into something dirty.